It’s that time of year again! The government’s annual increase in compensation limits for employment tribunal awards take effect from 6th April 2024. The figures this year are a little easier to remember… The main changes are:
1. The maximum compensatory award for unfair dismissal claim will increase from £105,707 to £115,115
2. The limit on a week’s pay will increase from £643 to £700
Other changes to note include:
Statutory Sick Pay
From Saturday 6th April 2024 Statutory Sick Pay will increase from £109.40 to £116.75, the lower earnings limit remains at £123.
Statutory Maternity, Paternity, Adoption, Shared Parental and Parental Bereavement Pay
From Sunday 7th April 2024 the below will all increase from £172.48 to £184.03 per week:
Statutory Maternity Pay
Statutory Paternity Pay
Statutory Shared Parental Pay
Statutory Adoption Pay
Statutory Bereavement Pay
If you have any questions about the above information please contact our experienced Employment Law Team on 0116 212 1000
